China's Service Trade Exports Rise 14.8% Year-on-Year in First Eight Months

Data released by the Ministry of Commerce on the 13th shows that China's service trade maintained rapid growth in the first eight months of this year, with travel, transportation, and knowledge-intensive services exports performing notably well. The data indicates that total service imports and exports reached 5.07 trillion yuan in January-August, a 7.9% year-on-year increase. Exports amounted to 1.9996 trillion yuan, up 14.8%, while imports totaled 3.07055 trillion yuan, rising 3.8%. The trade deficit narrowed by 145.12 billion yuan year-on-year. (CCTV News)